There are a number of rules and regulations that govern businesses and their activities. Whenever you start a business, it is important that you comply with each and every requirement so that your business operations can run smoothly and you don’t end up subjecting your business to governmental fines. Business Activity Statement is one such requirement that needs to be fulfilled in order to comply with the taxation office. The compliance is necessary to earn back tax credits where applicable while it’s also important in order to avoid hefty fines as well.
